Still bearish, at least 1-2 years before a considerable reversal on monthly chart imo. Yet just waiting to see how shorts can be fit in there, will be back when something tickles![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply
The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies
AUD Trade Balance and AUD Retail sales 6 replies
Disliked{quote} Hi Andory, Apologies, i have no idea because i'm merely a trader. I don't get marry to my trades.Ignored
DislikedJust looked at FF calendar and saw "Fed Announcement" is listed as tentative for tomorrow. Anyone able to shed light on this? Edit: I assume it's related to this http://www.forexfactory.com/news.php?do=news&id=567023Ignored
DislikedAUDUSD going crazy! All the way down to 0.716 resistance. I bought in long around .717 - anticipating the price will go back up to .725 level. Thoughts?Ignored
DislikedAUDUSD going crazy! All the way down to 0.716 resistance. I bought in long around .717 - anticipating the price will go back up to .725 level. Thoughts?Ignored
Disliked{quote} There's a chance it goes back up but I won't be going long at that sort of level given I see more downside risk (even if price does go down on you I'd be willing to hold it to at least breakeven but don't know your situation) (I'd also consider a target below 7250 a higher percentage play, say 7230 to 7240). Curious as to whether you opened long before or after price had been to 7160 today? My recent shorts: 7129 still open 7162 closed at 7160 7195 closed at 7189 7228 still open probably wouldn't consider longing until below 7100 but will...Ignored
Disliked{quote} There's a chance it goes back up but I won't be going long at that sort of level given I see more downside risk (even if price does go down on you I'd be willing to hold it to at least breakeven but don't know your situation) (I'd also consider a target below 7250 a higher percentage play, say 7230 to 7240). Curious as to whether you opened long before or after price had been to 7160 today? My recent shorts: 7129 still open 7162 closed at 7160 7195 closed at 7189 7228 still open probably wouldn't consider longing until below 7100 but will...Ignored
Disliked{quote} I opened long when I saw the price drop down to 0.716, which is a pretty strong resistance, and the 50 fib drawn from the start of the uptrend a couple of days ago. Closed out the short long, 9pips, meh. Cold feet My view was that this sudden drop was the market reaction to the news of the fed meeting - and that it will correct itself, with it going back up to .738 or so. But it looks like that might not be the case. I have trouble determining what the general trend of the market is atm. With the massive break out of the week long downward...Ignored
Disliked{quote} I opened long when I saw the price drop down to 0.716, which is a pretty strong resistance, and the 50 fib drawn from the start of the uptrend a couple of days ago. Closed out the short long, 9pips, meh. Cold feet My view was that this sudden drop was the market reaction to the news of the fed meeting - and that it will correct itself, with it going back up to .738 or so. But it looks like that might not be the case. I have trouble determining what the general trend of the market is atm. With the massive break out of the week long downward...Ignored
Disliked{quote} Correction from 7250. As low as 7150, won't break, flat for next 2 days. I won't enter any new trade for now.Ignored
Disliked{quote} Hey, No sweat mate. Believe in yourself and your trading plan. Have one and stick to it. Price will always correct whenever it reaches major resistance. I won't throw a buy or sell call here because it's too risky if anyone here follows my call. However, just stick to what you have, and that is, a trading plan. If you are game on .738, manage your risk well, you will have better nights of sleep then. Cheers!Ignored
Disliked{quote} Higher percentage play for you may have been to place a stop at say 7161, thus giving yourself a chance of larger profits if price does head up. I agree on likely reason for sudden drop but note it has affected AUD more than GBP or EUR so don't rule out it being something else. I too have trouble determining short term price movement so generally make my decisions off 1hr, 4hr and daily charts instead. I do not consider the weekly chart down trend broken and so my bias is shorts, just a matter of taking higher probability entry points and...Ignored